v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 17,429 $ 8,036
Fiduciary cash 60,511 32,512
Fiduciary receivable 6,106 5,375
Commissions and fees receivable 4,911 4,080
Prepaid expenses and other current assets 829 1,309
Income tax receivable 1,433 1,150
Total current assets 91,219 52,462
Intangible assets, net 409 466
Internally developed software, net 6,301 6,030
Goodwill 3,793 3,793
Deferred tax assets 725 802
Deferred financing asset 1,477 1,746
Total assets 103,924 65,299
Current liabilities:    
Accounts payable 27,384 10,141
Commissions payable 5,514 3,788
Insurance company payables 27,930 18,946
Accrued expenses 1,006 977
Premium deposits 38,687 18,941
Total current liabilities 100,521 52,793
Revolving credit facility 215,000 240,000
Total liabilities 315,521 292,793
Stockholders’ deficit:    
Accumulated deficit (473,950) (514,351)
Additional paid-in capital 262,352 286,856
Total stockholders’ deficit (211,597) (227,494)
Total liabilities and stockholders’ deficit 103,924 65,299
Class A Common Stock    
Stockholders’ deficit:    
Common stock value 1 1
Class B Common Stock    
Stockholders’ deficit:    
Common stock value $ 0 $ 0